Armenia’s mining development strategy is moving forward despite certain challenges, with the government determined to ensure its full implementation, Deputy Minister of Territorial Administration and Infrastructure Asatur Vardanyan said at the Mining Armenia Forum 2025 on October 3.
Vardanyan highlighted that the strategy is supported by a strong platform involving both private sector representatives and scientific institutions. Key elements include the launch of a comprehensive digitalization process — not merely procedural but based on in-depth analysis and fieldwork to guide policymaking. By 2027, full digitalization of the permitting system is expected, with improvements aimed at increasing transparency and reducing approval times.
The deputy minister also announced plans to establish a national geological service. Armenia is working closely with the EU and the United States, building on agreements signed in August 2025, to create a new platform that will strengthen governance and enable the development of a unified mining policy.
He stressed the importance of companies adopting international mineral reporting standards to enhance investor confidence and predictability. The ultimate goal, he said, is to create a mining industry that operates more efficiently and on a stronger economic footing, drawing on Armenia’s accumulated expertise and international practices.
Vardanyan underlined the need for more extensive and higher-quality geological exploration to secure future reserves, particularly of critical minerals. With rising global demand and metal prices, Armenia has been receiving growing interest from international organizations and foreign investors. The new geological service will also commission state-funded regional exploration to open new deposits.
